Rental Cars & Car Accidents: Should You Get Rental Car Insurance?
We all rent cars and trucks to transport us on vacations and to help us move our stuff from here to there. Sometimes we get into automobile collisions or truck accidents while renting these vehicles. I want to take just a minute to point out some pitfalls associated with insurance and rental cars.
As we all know you can purchase insurance when you rent the car. It is always a question as to whether you should buy the insurance. If you do not own a car then you definitely need to purchase the insurance. Why you ask? Well if you own a car, I presume it is insured. If your car is insured, your insurance will most likely cover the rental car as well. I do not say it will always cover the rental car because some policies exclude coverage for a rental car. So you must read your policy carefully in order to know whether your policy will cover the rental. If you read the policy (and don’t fall asleep) but still do not know whether your policy covers the rental car, then I recommend that you purchase the coverage from the rental company.
If you do purchase the insurance from the rental company, then you must know that insurance will only cover the listed drivers on the rental contract. What I mean is this. Say you go to Florida with your spouse and rent a car. The rental company tells you that it will cost extra to have an additional driver on the car (They make more money this way). So, you being the frugal renter decide to only list yourself as a driver. You arrive at your destination, take your things into the rental property and then realize that your spouse forgot their bathing suit. So, your spouse, the one not listed as the driver takes the car to the swim suit store. On the way there is a collision. This is when you find out that because your spouse was not listed as a driver on the rental car the collision is not covered by the policy you purchased when renting the car. So be real careful about how you set up the rental agreement and the insurance, and make sure you stick with your agreement. Good luck, and be safe.